Eurobond holders expected to forego $4.7bn in debt restructuring deal

Eurobond holders are set to forgo approximately $4.7 billion owed by the Ghanaian government as part of a $13.1 billion debt restructuring agreement.

The deal also provides $4.4 billion in cash flow during the IMF program period.

This agreement includes two options for investors: the P.A.R and Disco options, with the Disco option offering three new bond instruments and the P.A.R option capped at 1.6 billion cedis. Bondholders will face a 37% haircut on interest and maturity.

The government must publish public debt information semi-annually, and the IMF has endorsed the deal, aiding cedi stabilization.

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